Overview
What is Nawic Founders Scholarship Trust?
Nawic Founders Scholarship Trust is a nonprofit organization based in Milwaukee, Wisconsin. Their primary mission is to offer scholarship awards, following the scholarship procedures set by NAWIC. The purpose of these scholarships is to support individuals seeking to enter or become involved in a career within the construction industry. The scholarship administrator monitors these awards to ensure proper distribution. The trust's activities are focused on empowering candidates through financial aid, contributing to the growth and development of the construction sector.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87%, Three-Star out of Four Star Rating
The Nawic Founders Scholarship Trust has received an overall score of 87%, which highlights its strong performance in the realm of accountability and finance. This single beacon score indicates that the organization maintains solid financial practices and transparency, essential for building trust with donors and stakeholders. The focus on accountability is particularly significant, as it reflects the charity's commitment to responsible governance.
Strengths of the organization include a fully independent board, with 85% independent members and robust policies in place for whistleblower protection and document retention. The charity also boasts a remarkable liabilities to assets ratio of 0.00%, which suggests strong financial health and the absence of debt. Furthermore, an impressive program expense ratio of 83.03% indicates that a significant portion of its funds is directed towards its charitable programs.
While the organization demonstrates a solid commitment to financial integrity and effective governance, there are no specific limitations noted in the available data. Overall, the Nawic Founders Scholarship Trust appears to be a reliable nonprofit focused on its mission, evidenced by its high scores in critical accountability metrics.
This AI summary has been generated from information found on Charity Navigator.
Is Nawic Founders Scholarship Trust legitimate?
Nawic Founders Scholarship Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nawic Founders Scholarship Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Executive Compensation: $26,543
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What is the mission statement of Nawic Founders Scholarship Trust?
The Nawic Founders Scholarship Trust's mission is centered around providing scholarship awards. This initiative is designed to empower eligible applicants, encouraging them to pursue or engage in a career in the construction field. The scholarship awards are granted following the procedures set by NAWICS, and the scholarship administration closely monitors these awards.
Who is the CEO of Nawic Founders Scholarship Trust?
Same As C Above is the Principal Officer of Nawic Founders Scholarship Trust.
What is the revenue of Nawic Founders Scholarship Trust?
Nawic Founders Scholarship Trust's revenue in 2022 was $194,000.
Who are the executives of Nawic Founders Scholarship Trust and what are their salaries?
Here are 7 key members and their salaries:
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- Compensation: $26,543
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Where can I find the form 990 for Nawic Founders Scholarship Trust?
Nawic Founders Scholarship Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Nawic Founders Scholarship Trust
The Nawic Founders Scholarship Trust is dedicated to its mission of granting scholarship awards to eligible applicants, aiming to facilitate their entry or engagement in a career within the construction industry. This nonprofit organization's primary objective is to provide financial assistance to individuals who are keen on pursuing a career in construction-related fields. The scholarship awards are meticulously distributed based on the specific procedures set by NAWIC (National Association of Women in Construction), ensuring fairness and transparency throughout the process. The Scholarship Administrator of NAWIC is responsible for overseeing the scholarship awards, ensuring they are awarded and managed effectively.
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Impact
October, 2024
The Nawic Founders Scholarship Trust significantly impacts individuals seeking careers in construction by providing essential scholarship awards. These scholarships support qualified applicants, facilitating their entry into and engagement with construction-related professions.
By adhering to established scholarship procedures and closely monitoring the awards, the trust ensures that funds are allocated efficiently and transparently. This initiative not only enhances educational opportunities for aspiring professionals in a traditionally male-dominated field but also contributes to a more diverse and skilled workforce within the construction industry. Ultimately, the Nawic Founders Scholarship Trust helps to empower individuals, fostering their growth and advancement in their chosen careers.
This information is meant to be a general summary of Nawic Founders Scholarship Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $36,371
- Gross Receipts: $514,716
Assets and Liabilities:
- Total Assets: $1,690,192
- Total Liabilities: $0
- Net Assets: $1,690,192
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Organization Details
Founding Year
1931
Phone
(612) 313-5172Principal Officer
Same As C Above
Main Address
PO BOX 0634, MILWAUKEE, WI, 532010634
NTEE Category
Code: B82 - Education
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